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Daimler takes full control of Mercedes F1 team

Daimler takes full control of Mercedes F1 team

  • Published on 20 Nov 2012 08:26
  • comments 0
  • By: Rob Veenstra
Mercedes-Benz has taken back total control of its formula one team by buying the 40 per cent stake held by Aabar, the Abu Dhabi investment arm. We reported in April that Aabar, who were then already watering down their involvement with Mercedes' parent Daimler, was set to pull out of the Brackley based Mercedes GP team.

Now, financial media sources Bloomberg and Reuters report that Mercedes has indeed bought back Aabar's stake. Spokespeople for both Aabar and Mercedes confirmed the news, but would not comment on the value of the deal. Niki Lauda, Mercedes' new non-executive chairman, currently wears 'Aabar' branding on his famous red cap. (GMM)

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Date
Grand Prix
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Bahrain
29 - Mar 2
Bahrain
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Saudi Arabia
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Australia
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Japan
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China
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Spain
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Austria
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United Kingdom
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Hungary
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26 - Jul 28
Belgium
Spa-Francorchamps
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Netherlands
Circuit Zandvoort
30 - Sep 1
Italy
Monza
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Azerbaijan
Baku City Circuit
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Singapore
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United States of America
Circuit of the Americas
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Mexico
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United States of America
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Date
Grand Prix & Circuit
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Bahrain Bahrain International Circuit
29 - Mar 2
Bahrain Bahrain International Circuit
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
Japan Circuit Suzuka
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China Shanghai International Circuit
3 - May 5
United States of America Miami International Autodrome
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Italy Autodromo Enzo e Dino Ferrari
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Monaco Monte Carlo
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Canada Gilles Villeneuve
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Spain Circuit de Catalunya
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Austria Red Bull Ring
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Hungary Hungaroring
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Azerbaijan Baku City Circuit
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